Archives

May 26, 2024 @ 4:16 pm By Omar Faridi  |  

Zillow (NASDAQ: Z and ZG) is releasing its open-source Fair Housing Classifier, which establishes guardrails to promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology. The Fair Housing Classifier acts as “a protective measure, to encourage more equitable… Read More

May 20, 2024 @ 9:05 pm By Omar Faridi  |  

Texas and Florida metros dominate the best places for buyers in Zillow‘s latest real estate market heat index, securing seven of the top 10 spots. But most of the country’s 50 largest metros — and the U.S. at large — “favor sellers,” according to the… Read More

May 8, 2024 @ 11:06 am By Omar Faridi  |  

Rent prices have surged in recent years, and wages have not kept pace, according to an update from real estate tech firm Zillow (Nasdaq: Z and ZG). While last year was a bright spot — wages grew faster than rents nationally and in almost half… Read More

April 3, 2024 @ 8:22 pm By Omar Faridi  |  

The U.S. real estate market has a record-high 550 “million-dollar” cities — cities where the typical home is worth $1 million or more — a new Zillow (Nasdaq: Z and ZG) analysis shows. That is 59 more million-dollar cities than a year ago,  “reversing losses… Read More

March 13, 2024 @ 6:12 pm By Omar Faridi  |  

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June, according to an update from real estate firm Zillow (Nasdaq: Z and ZG). A new Zillow analysis of… Read More

March 4, 2024 @ 11:37 am By Omar Faridi  |  

Home buyers today need to make more than $106,000 to comfortably afford a home, a new Zillow (NASDAQ: Z and ZG) real estate market analysis finds. That is reportedly 80% more than in January 2020, showing how the math has changed in the real estate… Read More

February 18, 2024 @ 11:42 am By Omar Faridi  |  

Both buyers and sellers should prepare for a competitive real estate / property market season this spring. The latest real estate market report from Zillow (NASDAQ: Z and ZG) reportedly shows “that well-priced homes are being snapped up quickly, while those that linger on the… Read More

January 25, 2024 @ 12:43 pm By Omar Faridi  |  

Zillow (NASDAQ: Z and ZG) is introducing a new feature that allows renters who pay their rent on Zillow to have their on-time payments “reported to a major national credit bureau at no cost to them.” According to Zillow, this is reportedly a “first” for… Read More

January 8, 2024 @ 7:24 pm By Omar Faridi  |  

Buffalo, New York, will be the most active major housing market this year, according to a new analysis by Zillow (NASDAQ: Z and ZG). It may be hard to believe for some but as prices are rising elsewhere, Buffalo remains more accessible. Affordability is the… Read More

December 28, 2023 @ 7:05 pm By Omar Faridi  |  

The most popular market among Zillow (NASDAQ: Z and ZG) surfers this year was West Chester, Pennsylvania. After the West Coast ruled in 2021 and the Midwest took the top spot last year, the Northeast dominated this year’s list. Smaller Northeast towns dominated Zillow’s “most… Read More

December 12, 2023 @ 5:02 pm By Omar Faridi  |  

Mortgage rates falling from a 23-year high have brought some early “holiday cheer for home shoppers and sellers,” according to a recent US market update. The latest Zillow (NASDAQ: Z and ZG) market report shows monthly costs “for a new mortgage are falling, inventory is… Read More

December 3, 2023 @ 3:18 pm By Omar Faridi  |  

Zillow (NASDAQ: Z and ZG) predicts in a new real estate market report that more homes for sale will lead to improved affordability in 2024 According to Zillow, home buying / real estate will “remain expensive, so expect a competitive market for homes that need… Read More

November 24, 2023 @ 8:12 am By Omar Faridi  |  

Rental concessions—offers meant to entice tenants, such “as free months of rent or free parking—are at their highest level in more than two years despite strong renter demand,” Zillow‘s (NASDAQ: Z and ZG) data shows. That’s because property managers are now “likely competing for tenants,… Read More

November 14, 2023 @ 9:55 pm By Omar Faridi  |  

Despite mortgage rates reaching 23-year highs, low inventory levels “are spurring surprisingly strong competition,” according to Zillow‘s (NASDAQ: Z and ZG) latest market report1. Depleted inventory stocks are “gradually recovering, and price appreciation is slowing, but demand has remained resilient, and attractive, appropriately priced listings… Read More

October 16, 2023 @ 7:17 pm By Omar Faridi  |  

Home values took an uncharacteristic step down in September, albeit a small one, according to the latest Zillow (NASDAQ: Z and ZG) market report. Competition is easing faster than normal this fall “as buyers contend with the highest mortgage rates in more than 22 years.”… Read More

August 8, 2023 @ 8:44 am By Omar Faridi  |  

Zillow Group‘s  (NASDAQ: Z and ZG) new-construction listings will soon be automatically syndicated to Redfin, connecting home builders with motivated buyers on both platforms. The strategic partnership will aim to “expand the reach of home builder listings on Zillow and allow Redfin customers to explore… Read More